Home > Daily Reading on the Financial Markets, Financial Ponzi, investing, Stock Market > Daily Reading on the Financial Markets: 9/11/11

Daily Reading on the Financial Markets: 9/11/11

The Brookings institute posted its findings on American sentiment towards American security a decade after September 11, 2001.

Tony Pallotta of Macrostory on the ongoing divergence between bonds and equities, from Zero Hedge.

Floyd Norris at the New York Times notes that bank stocks are repeating their behavior from 2008.

Goldman notes August, 2011 was in the 98th percentile of most volitile months since 1928.

The median price of a single family home is getting awfully cheap relative to gold!

Cullen Roche has a go at Paul Krugman in defense of MMT, on PragCap.

I consider “higher education” as big a ponzi as exists in our culture these days.  Natasha Singer takes a look at the corporate presence that dominates modern colleges.

  1. September 12, 2011 at 11:02 am

    I am in total agreement with you vis a vis higher education.

    • September 13, 2011 at 9:46 am

      Higher education is staggering to me. I have a some children, and if they are 18 and intelligent, hard-workers, I think I’d rather give them money to start a business than spend that money to pay a school to give them a piece of paper. For many professions, there is nothing you learn college that you can’t learn on your own. For some more highly specialized degrees that isn’t true, but for many liberal arts degrees, it certainly is. At the very least, an apprenticeship makes more sense, as is done in much of Europe. The annual growth in college tuition costs is as high or higher than any commodity over the last ten years, if I remember correctly. That won’t continue indefinitely, imho.

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